Silver Spring: Folk Art Organization signs for Five Years
A folk art organization signed a 3,226 SF lease at Washington Property Company's (WPC) Silver Spring Plaza building, at 8757 Georgia Avenue. The non-profit arts organization will pay full-service rent in the low-$20s PSF for five years. The organization was represented by Tom Long of Donohoe Real Estate Services, while WPC was represented by Tim Jaeger and Todd Bosley of CBRE and in house broker, Joshua Gurland. Other tenants in the building include a research firm, and a non-profit - legal services group. Silver Spring Plaza, a Class A, 240,000 SF building, was built in 1970 and fully renovated in 2001.WPC recently closed $35.5 million in permanent financing for the building.